22:31
yeah there are so many good cuisines in ithaca
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LSDefine
Simple English definitions for legal terms
institutional broker
Read a random definition: Department of Energy
A quick definition of institutional broker:
An institutional broker is a person or company that helps big organizations like banks, pension funds, and insurance companies buy and sell stocks and other investments. They act as a middleman between the buyer and seller and get paid for their services. Institutional brokers are different from regular brokers because they work with big clients and handle large amounts of money. They help their clients make smart investment decisions and get the best deals possible.A more thorough explanation:
An institutional broker is a type of broker who trades securities for institutional clients such as banks, mutual funds, pension funds, and insurance companies. A broker is an agent who acts as an intermediary or negotiator between prospective buyers and sellers. They are employed to make bargains and contracts between other persons in matters of trade, commerce, or navigation.
For example, if a pension fund wants to buy shares of a company, they would hire an institutional broker to execute the trade on their behalf. The broker would use their expertise and connections to find the best price and execute the trade efficiently.
Institutional brokers differ from retail brokers who work with individual investors. Institutional clients typically have larger portfolios and require more specialized services, such as research and analysis of market trends.